Profit-bringing Issuers from the Carbon Exchange

Selasa, 30 Mei 2023 | 10:23 WIB
Profit-bringing Issuers from the Carbon Exchange
[ILUSTRASI. Profit-bringing Issuers from the Carbon Exchange]
Reporter: Akhmad Suryahadi, Yuliana Hema | Editor: Tiyas Septiana

KONTAN.CO.ID -  JAKARTA. The carbon exchange is starting to brighten up a bit. The Financial Services Authority (OJK) is targeting the carbon exchange to be ready to operate by September 2023. If there are no obstacles, OJK will issue the first rule related to the carbon exchange on June 12, 2023.

Executive Analyst of OJK's Directorate of Capital Market and Sharia Market Development, Agustyatun Muji Rahayu, said that OJK is currently discussing drafting the regulation with the House of Representatives (DPR). "OJK rules are in process with the DPR," he explained to Kantan on Monday (29/5).

On a different occasion, OJK Chairman Mahendra Siregar said, carbon exchange trading will be carried out with a result-based payment (RBT) mechanism. "The initial plan for RBT to be traded is 100 million of carbon dioxide (CO2)," said Mahendra. 

Under the RBT mechanism, carbon producers have the right to sell their carbon. The buying and selling mechanism will be carried out at the carbon exchange. 

Baca Juga: Republicans Speak Out Against US Debt-Ceiling Deal, In Sign of Rocky Road Ahead

This carbon exchange will regulate carbon trading, including the recording of carbon ownership and sales to domestic and foreign parties or companies.
With the carbon exchange, a number of issuers are able to gain domestic benefits. One of them is PT Indika Energy Tbk (INDY). 

Ricky Fernando, INDY's Head of Corporate Communication, said that the company continues to explore the potential of carbon trading, including what INDY's subsidiary Indika Nature has done. The company develops nature-based solutions and focuses on energy plantations, environmental services, and agroforestry businesses. 

In relation to carbon trading, by 2022, INDY will also voluntarily purchase carbon credits from the world's largest blue carbon project.  "The move is aimed at offsetting 52,800 tons CO2eq of our emissions. The project protects and restores 350,000 hectares of area in Sindh province, Pakistan," Ricky said. 

Emission reduction

Henan Putihrai Sekuritas analyst Ezaridho Ibnutama said INDY has also conducted carbon trading following the company's target to reduce carbon emissions by 550-kilo tons (Kton) to 600 kton of CO2 emissions under its subsidiary, Indika Multi Properti (IMP), by increasing land reclamation by 20% by 2025.

"Besides INDY, PT Pertamina Geothermal Energy Tbk (PGEO) has started trading carbon credits as well," Ezar said. This subsidiary of PT Pertamina is generating new revenue from carbon credits. Last year, PGEO booked a carbon credit revenue of US$ 747,000. 

Baca Juga: Boon for Singapore as Indonesia Scraps Ban on Sea Sand Exports

This carbon credit revenue was generated by two Geothermal Power Plants (PLTP), which are Ulubelu units 3 and 4 and Karaha. These two PLTPs produce the equivalent of 1.7 million tons of carbon emission reductions. Carbon emission reductions are calculated from the time the two PLTPs began commercial operations until early 2020. 

In addition to PGEO, PT Barito Pacific Tbk (BRPT) generates revenue from carbon trading. Last year, this issuer made by Prajogo Pangestu, earned US$ 3.57 million from the carbon credit segment.

Ezar added that PT Adaro Energy Indonesia Tbk (ADRO) also has the opportunity to benefit from carbon trading. ADRO has also started planting mangrove forests, which are optimal for absorbing carbon from the air. Henan Putihrai Sekuritas gave INDY shares a buy rating with a target price of IDR 2,910.

Bagikan

Berita Terbaru

Sagu Sampai Silika Digadang Masuk RPJMN, Sudah Digarap CUAN, Sinarmas, dan Sampoerna
| Senin, 04 November 2024 | 11:20 WIB

Sagu Sampai Silika Digadang Masuk RPJMN, Sudah Digarap CUAN, Sinarmas, dan Sampoerna

Para taipan besar lewat sejumlah emiten yang dimilikinya sudah lebih dulu masuk ke komoditas yang diusulkan masuk RPJMN 2025-2029.

Melancong Backpacker Melalui Jalur Komunitas
| Senin, 04 November 2024 | 10:32 WIB

Melancong Backpacker Melalui Jalur Komunitas

Liburan mandiri alias backpacker masih ramai peminat. Mereka berkumpul lewat komunitas sambil berbagi informasi dan trip saat berlibur.

Tetap Dulang Laba saat Kondisi Ekonomi Menantang
| Senin, 04 November 2024 | 10:27 WIB

Tetap Dulang Laba saat Kondisi Ekonomi Menantang

Pendapatan bunga masih menjadi tulang punggung bagi pertumbuhan laba bank. Untuk itu, pendapatan bunga berpengaruh besar terhadap laba.

Daya Beli Turun, Wisata Jalan Terus
| Senin, 04 November 2024 | 10:22 WIB

Daya Beli Turun, Wisata Jalan Terus

Di tengah penurunan daya beli, masyarakat masih riuh berburu promosi produk wisata. OTA berusaha menangkap peluang jelang akhir tahun ini.

Menanti Penerbitan Obligasi Daerah di Era Pemerintahan Prabowo
| Senin, 04 November 2024 | 09:25 WIB

Menanti Penerbitan Obligasi Daerah di Era Pemerintahan Prabowo

Obligasi daerah sebagai instrumen baru diyakini memiliki nilai yang sangat strategis. Selayaknya pemerintah pusat proaktif.

Diborong Deutsche Bank hingga Goldman Sachs, Analis Kompak Rekomendasi Buy Saham BMRI
| Senin, 04 November 2024 | 08:45 WIB

Diborong Deutsche Bank hingga Goldman Sachs, Analis Kompak Rekomendasi Buy Saham BMRI

Tak lama setelah laporan keuangan BMRI per kuartal III-2024 dirilis, para analis kompak memberikan rekomendasi beli BMRI.

Banyak Pabrik Tutup, Utilisasi Industri Tekstil Makin Redup
| Senin, 04 November 2024 | 07:50 WIB

Banyak Pabrik Tutup, Utilisasi Industri Tekstil Makin Redup

Tingkat utilisasi industri hulu TPT tinggal 40% akibat maraknya gempuran produk impor dan pelemahan daya beli.

Akuisisi Aset Migas Topang Kinerja ENRG
| Senin, 04 November 2024 | 07:45 WIB

Akuisisi Aset Migas Topang Kinerja ENRG

Peningkatan produksi minyak dan rata-rata harga jual migas yang lebih baik menopang kinerja selama sembilan bulan pertama tahun ini.

APLN Memacu Kinerja Hingga Akhir Tahun
| Senin, 04 November 2024 | 07:35 WIB

APLN Memacu Kinerja Hingga Akhir Tahun

Dari lini bisnis properti, APLN membukukan perolehan marketing sales sebesar Rp 1,37 triliun per September 2024.

Masih Ada Risiko, BPK Minta BI Evaluasi dan Sempurnakan BI-FAST
| Senin, 04 November 2024 | 07:34 WIB

Masih Ada Risiko, BPK Minta BI Evaluasi dan Sempurnakan BI-FAST

Transaksi menggunakan BI-FAST tumbuh pesat, pada kuartal III-2024 mencapai 924,89 juta transaksi, naik 61,10%.

INDEKS BERITA

Terpopuler